Buy a house for a pound: are you eligible?

To be eligible for one of the houses being sold for a pound in Stoke-on-Trent you must:

• Have a right to reside permanently in the United Kingdom.
• Be currently working at least 16 hours per week and have been in continuous and secure employment or self-employment for the last two years.
• Not own property whether in Stoke-on-Trent or elsewhere.

• Currently reside and have had your primary home in Stoke on Trent for the last 3 years immediately before the application.
• Have a gross income or a joint income of at least £18,000 and not more than £25,000 per year or £30,000 per year if you have dependent children.

• Agree to reimburse the Council for the improvement costs, with the Council providing low interest financial assistance.
• Intend and undertake to occupy the property as your main and principle home for a minimum period of at least five years.
• Not own assets valued at more than £10,000 in aggregate.

For full details of the eligibility criteria go to the Stoke on Trent city council website.